CIS STEEL BILLET: Market firms after North African customers accept higher prices

The price of billet in the Commonwealth of Independent States’ (CIS) market firmed by the end of the week, while customers in North Africa accepted higher levels in deals.

A 50,000-tonne cargo of Russian billet - with increased manganese content - was reported sold to Algeria at $440 per tonne cfr, with freight cost assessed at $15 per tonne and additional manganese at $5 per tonne. This is normalized to the standard grade and fob Black Sea-basis price, which market participants believe...

Published

Vlada Novokreshchenova

January 31, 2019

16:55 GMT

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